But as you get paid again you add it to the account and make your other
normal monthly expenses from it like you did with your checking account.
This coverage pays for expenditures over and above your «
normal monthly expenses» necessary to allow you to continue your business as promptly and efficiently as possible (on an emergency or temporary basis) following disaster, until your premises are restored.
Extra Expense insurance covers such expenditures over and above
your normal monthly expenses.
They're using it for gas to fill up on their car or groceries, and really, they can not even afford to spend
normal monthly expenses.
After you have listed
your normal monthly expenses, you need to decide on what items on the list that can be eliminated or reduced.
You will be paying only the amount you spend on
your normal monthly expenses / purchases.
During that month the money you would have spent on
your normal monthly expenses / items can be earning you interest, in your bank account.
A structured settlement gives you tax - free regular payments so you can meet
your normal monthly expenses.
And given that repayment in full is between 30 days and 90 days, and comes directly from their paycheck, that places a lot of pressure on the borrower to meet
normal monthly expenses too.
I can personally attest that drawing down your principal to meet
normal monthly expenses is very stressful when you are no longer employed.
In addition to
your normal monthly expenses, include money necessary for savings and debt payments.
Not exact matches
My key reasoning for # 2 above, had been to minimize
monthly expenses, adding further safety cushion between our
normal expenses and the SWR cited above.
That way, you can continue to pay key employee salaries, as well as
monthly expenses, until you can resume your
normal business operations.
With these funds, you can afford to pay salaries to key employees and keep up with
monthly expenses until you can resume
normal business operations.
This makes it possible to continue to pay employee salaries and keep up with
monthly expenses until such time as you can resume
normal operations.
Since final
expense insurance is typically purchased with a lower death benefit than
normal life insurance, most people find the
monthly premium very affordable, and the policy can build cash value over time, which the insured can access at some point in time.
These funds make it possible to pay employee salaries and keep up with
monthly expenses until you can resume
normal operations.
That way, you can continue to pay key employee salaries as well as
monthly expenses until you are once again able to resume
normal business operations.
A death in the household will leave huge voids in the
normal household routine and whether the surviving spouse is going to work less and take them over or hire someone, that is a huge increase in
monthly expenses.